We invest in SaaS companies.

We back software a business runs on rather than tries out: systems of record and workflow tools with durable revenue.

Software that owns a workflow earns the right to own the industry around it.

Vertical SaaS with clear ROI, high retention, and a wedge into payments or data.

Net revenue retention, sales efficiency, and whether churn is a product problem or a customer problem.

Pricing and packaging, the first sales hires, and deciding what the AI roadmap actually needs to be.

The Process

We read every deck that reaches us and give direct feedback fast. If it is not a fit, you will know why.

Diligence measured in weeks, clear terms, and a decision we stand behind. No slow-rolling to keep options open.

Model strategy, first hires, pricing, go-to-market: we do the unglamorous work alongside you.

We follow on with conviction and put you in front of the right later-stage investors when the time comes.

Building something AI-native in one of our focus areas? Send it. We respond to every serious note.

Focused exposure to early-stage AI, fintech, and software through a disciplined portfolio.